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Anushka Dutta

Anthropic Just Triggered a Frenzied Selloff in Fastly Stock. Should You Buy the Dip?

Fastly Anthropic FSLY

Edge-cloud platform stocks like Fastly (FSLY) experienced a massive drop after popular AI company Anthropic announced its Claude Managed Agents. The company’s stock dropped 21.7% intraday on Apr. 10 on the news, after a 10.1% drop on Apr. 9. It must be mentioned that the stock has surged robustly over the past year before this dip.

The optimism surrounding the U.S.-Iran ceasefire that lifted the market dipped when Anthropic announced its advanced AI model, Mythos, with an exclusive Project Glasswing last week, thereby adding pressure on software names.

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